Intellectual Property Rights have far reaching Implications in Developing as well as Developed Nations. Right from the decisions of multinationals as the preferred mode of entry to a developed nation, to deciding the way leveraging technology, IPRs play a very important role. The current research provides insights about implications of IPRs on Foreign Direct Investments, Technology Transfers, Direct Investments, Leasing of Technology etc. by larger corporations to developing Nations. The entire scenario is built in the backdrop of relative strength of Intellectual Property in these countries. 81 parameters suggesting economic implications have also been technically interpreted by the Author The current scenario of Intellectual Property Management has also been highlighted with specific reference to Indian Pharmaceutical and Information, Communication Technology Firms.